Bala Cynwyd, Pennsylvania--(Newsfile Corp. - November 12, 2024) - Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Retail Opportunity Investments Corp. ("ROIC" or the "Company") (NASDAQ: ROIC) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Blackstone (NYSE: BX). Under the terms of the Agreement, ROIC shareholders will receive $17.50 in cash for each share in a deal valued at approximately $4 billion.
The investigation concerns whether the ROIC Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Blackstone is paying fair value for the Company.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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